Lenskart Solutions Limited informed the Exchange about the Monitoring Agency Report for the quarter ended March 31, 2026
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Lenskart Solutions has filed its Q4 FY2026 monitoring agency report for the Rs. 2,150 crore IPO (October-November 2025). CARE Ratings, as the monitoring agency, confirmed that Rs. 127.06 crore was utilized during the quarter, bringing cumulative utilization to Rs. 177.06 crore. The company deployed funds across six objects: Rs. 10.50 crore for new CoCo store setup, Rs. 42.08 crore for store leases, Rs. 8.89 crore for technology and cloud infrastructure, Rs. 6.22 crore for brand marketing, Rs. 38.06 crore for general corporate purposes (advance tax payments), and Rs. 21.32 crore for offer-related expenses. Total unutilized proceeds stand at Rs. 1,972.94 crore, of which Rs. 1,920.10 crore is invested in fixed deposits with banks like ICICI, HDFC, Axis, and Yes Bank. No deviations from objects or delays were reported.
The IPO proceeds are being deployed in line with the prospectus, with FY2026 utilization matching the estimated schedule at Rs. 155.74 crore. The large unutilized corpus earning 6.4-6.85% in FDs provides flexibility for planned expansion. Shareholders can track store expansion, technology investments, and brand building as the company executes its stated growth roadmap through November 2028.